Oil Finishes First Half Of Year More Than 11% Higher

By Myra P. SaefongMarketWatch Pulse

Oil futures settled higher on Tuesday following an extension of the deadline for an agreement over Iran's nuclear program and as traders continued to watch developments in Greece's debt negotiations. August crude added $1.14, or 2%, to settle at $59.47 a barrel on the New York Mercantile Exchange. Tracking the most-active contracts, prices gained 11.6% year to date. For the month, prices lost 1.4%.

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